2017 State Highway 421Pennington GapVA24277
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Pennington Gap at 2017 State Highway 421, Pennington Gap, VA, 24277 earns $261/mo cash flow from $889/mo rent with a $514/mo payment. Total monthly income totals $889/mo, and annual cash flow totals $3,135/yr on $34,808 capital. ROI tracks 28.92% on current figures, and rental yield reads 10.16% at a $105,000 purchase. Equity gained on principal adds $678/yr, and 5% annual appreciation supports $29,010 over five years. Five-year ROI reaches 150.97% and total cumulative return in cash sums $52,550. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $889/mo property income instead of your personal income.
Single Family
Built in 1965
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24277, Pennington Gap, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,686 (100%) |
| Owner Occupied HU | 1,492 (55.5%) |
| Renter Occupied HU | 759 (28.3%) |
| Vacant Housing Units | 435 (16.2%) |
| Median Home Value | $96,667 |
| Average Home Value | $164,635 |
Housing Distribution
Address Breakdown
Residential
2,299
Single Family
2,222
Multi-Family
77
Businesses
208
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Listed by: Virginia Wilder • Century 21 Virginia Wilder Real Estate
Mls Name: East Tennessee Realtors
Mls ID: #1314581